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Nov 3, 2012
11/12
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by the time he left, we had massive deficits. he voted to increase the debt by $16,000 every second he was in the senate. he expanded medicare, which was good, but he did not pay for it. he was part of a senate and a house that declared two wars but did not pay for the wars and instead put them on the credit card for our kids to pay. he made a massive tax cuts to health -- to help the wealthy. he did not pay for them. we went from surplus to deficit. he voted four times to raise his own pay. he voted four times to raise the debt with it, he voted for 52,000 earmarks that totaled $121 billion. even george had to admit, spending was a problem when i was in the senate. we do not need to go back to it. he is a harsh partisan. he attacked hillary clinton as someone who does not share our values. attacking john kerry. george would not joined a gang to bring senators together. he said, we do not need to compromise. >> your rebuttal? >> john warner and i worked as a team for virginia. i am proud of john warner as a friend and ally. as fa
by the time he left, we had massive deficits. he voted to increase the debt by $16,000 every second he was in the senate. he expanded medicare, which was good, but he did not pay for it. he was part of a senate and a house that declared two wars but did not pay for the wars and instead put them on the credit card for our kids to pay. he made a massive tax cuts to health -- to help the wealthy. he did not pay for them. we went from surplus to deficit. he voted four times to raise his own pay. he...
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Oct 28, 2012
10/12
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WUSA
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we have a trade deficit with them of $300 billion a year. >> you can no more win a trade war than you can win an earthquake. everybody knows that. >> nobody will win in a trade war. but we've got to find some better way of balancing the trade. as pat says we have huge deficits in trade with china for decades and a good part of the reason is not because they have a very low wage cost including for a lot of american products but the fact is they keep their currency low to magnify their exports. >> the u.s. cannot win without china and china cannot win without the united states? >> true or false? >> no. >> true or false? >> i think the chinese leadership understand this is largely rhetoric. >> eleanor > issue three, pug t rules. >> throughout this week's presidential debate, there were flare ups. challenge mitt romney described what he see as how sitting president barack obama, during his four years, has conducted himself overseas. >> then the president began what i have called an apology tour of going to various nations in the middle east and criticizing america. i think they looked at
we have a trade deficit with them of $300 billion a year. >> you can no more win a trade war than you can win an earthquake. everybody knows that. >> nobody will win in a trade war. but we've got to find some better way of balancing the trade. as pat says we have huge deficits in trade with china for decades and a good part of the reason is not because they have a very low wage cost including for a lot of american products but the fact is they keep their currency low to magnify...
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to stop growing government, hoping to grow jobs, and instead we've got to start cutting the federal deficit. >> democrats wanted to limit tax giveaways to the wealthiest americans. >> what we've heard from our republican colleagues is they're not willing to close one special interest tax loophole. >> the president and speaker boehner came up with an ambitious solution. they'd craft a grand bargain to raise the debt ceiling. it would also include changes to social security, medicare, tax policy, and defense spending. for both sides, it meant lots of pain. but for the nation, it could mean lots of gain. >> i think he genuinely thought that there was an opportunity do something big and meaningful to deal with our long-term debt and had what he considered productive discussions with john boehner. >> new urgency this morning. >> the clock ticks. >> we've been here before but not quite this close to default. >> was there ever a time in that meeting when he said we have a deal? >> yes, ma'am. about a week before the debt ceiling was to expire, the president asked mr. cantor and i to come in the ov
to stop growing government, hoping to grow jobs, and instead we've got to start cutting the federal deficit. >> democrats wanted to limit tax giveaways to the wealthiest americans. >> what we've heard from our republican colleagues is they're not willing to close one special interest tax loophole. >> the president and speaker boehner came up with an ambitious solution. they'd craft a grand bargain to raise the debt ceiling. it would also include changes to social security,...
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the deal. >> it seemed the president had bridged the partisan divide and could count reining in the deficit as part of his legacy. but then in the final moments, the so-called grand bargain collapsed. >> i have offered ideas -- >> and finger-pointing began. >> not one time, not one time, did the administration ever put any plan on the table. >> it is hard to understand why speaker boehner would walk away from this kind of deal. >> for speaker boehner, the problem was a last request to alter the deal. >> i said, mr. president, you know i can't do this. we've been talking about this for months. i'm already as far out on a limb as i can get. you know this. why are you doing this? it's unfortunate. he basically blew up the deal. >> not true, says the white house. >> i think personally speaker boehner probably wanted to do something. he just couldn't control his caucus. >> but the speaker says his people were never the problem. >> i got into some tough negotiations with ted kennedy. he didn't flinch. he didn't back away from the deal. he went straight forward. that's courage. >> speaker boehner,
the deal. >> it seemed the president had bridged the partisan divide and could count reining in the deficit as part of his legacy. but then in the final moments, the so-called grand bargain collapsed. >> i have offered ideas -- >> and finger-pointing began. >> not one time, not one time, did the administration ever put any plan on the table. >> it is hard to understand why speaker boehner would walk away from this kind of deal. >> for speaker boehner, the...
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what they're supposed to do they've decided that they're going to plug the holes in their own budget deficits instead with this money and do nothing to help the homeowners and so according to recent reports politicians not bankers are the culprits this time around siphoning billions from that historic settlement and pumping it into their broken state budgets instead of manning up and changing their diet they're taking a cue from ancient rome after a quick trip to the vomitorium is back to the banquet table care for a mint oh open one selection obama if he doesn't watch from running at the white house with a t.v. well that's the role really of our congress.
what they're supposed to do they've decided that they're going to plug the holes in their own budget deficits instead with this money and do nothing to help the homeowners and so according to recent reports politicians not bankers are the culprits this time around siphoning billions from that historic settlement and pumping it into their broken state budgets instead of manning up and changing their diet they're taking a cue from ancient rome after a quick trip to the vomitorium is back to the...
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Nov 3, 2012
11/12
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we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in massachusetts. here is why. it keeps lopping off 10%, 15%. we need to use this opportunity to think about the military we need going forward in the 21st century. here is what i am prepared to do. i am prepared to get out there and fight, to talk about what the c5 galaxy means. this is the place where we have giant planes and take big groups and big equipment and have disaster relief all run the world. that is why there should not be a penny of cuts there. the cuts need to be in places like the standing army. we do not
we have a big deficit. when senator brown and other republicans take the grover norquist pledge, and they say they will not raise money for millionaires and billionaires, they will not close the oil subsidies, what they are saying is they are just not serious about cutting the deficit, bringing the budget back into alignment. that means we will trigger across-the-board cuts. those cuts for the military is the worst possible way we could go. it is bad for the country. it is that for us here in...
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Nov 4, 2012
11/12
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the real deficit river is healthcare. obamacare i totally solve this problem how the projects ago and had the public learns from them and approves them. nobody can map it out perfectly. most say the mean driver of deficits is health care. we are on the path to reform in that. there are plans on the table that would it presumably get the debt ratio done to a time, not in an abrupt way the still. >> it is a shame we still did not have the conservatives hair. i will not defended towards the of the bush policy deficit spending of their running out of the debt. the debt is what is -- the debt is what matters. we have to accept these facts. the issue is, how do we stop that? it is not going to be done through a combination of tax increases and a reduction in spending. they are actually in reductions to in the rate of new spending. four of the picking we do on greece and italy and spain, they have actually spent a little less the year over year and they have the year before. they are steps in the right direction. we will only ge
the real deficit river is healthcare. obamacare i totally solve this problem how the projects ago and had the public learns from them and approves them. nobody can map it out perfectly. most say the mean driver of deficits is health care. we are on the path to reform in that. there are plans on the table that would it presumably get the debt ratio done to a time, not in an abrupt way the still. >> it is a shame we still did not have the conservatives hair. i will not defended towards the...
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Nov 3, 2012
11/12
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. >> he said he would cut the deficit in half, instead, it's double what it was. he said he'd get unemployment by now down to 5.2%, and we learned today, it ticked up to 7.9%, that's 9 million jobs short. >> that was governor mitt romney calling out president obama for falling-- 9 million jobs soar has promised. and the bureau of labor and statistics, adding 171,000 jobs, now are the new numbers going to affect the way the candidates talk about the economy in these final days before the election in joining us now with perspective, a mitt romney supporter who deals firsthand with unemployment issues, governor jan brewer of arizona. >> good morning. >> let's talk for a moment about the jobs numbers that came out yesterday, and the president is saying that the fact that 171,000 jobs have been added shows that his policies are working and taking a little longer than he had he' hoped, but that the country is moving in the right direction. and what's your response to that? >> well, you know, we're all grateful as things are, are turning around a little bit, but the bott
. >> he said he would cut the deficit in half, instead, it's double what it was. he said he'd get unemployment by now down to 5.2%, and we learned today, it ticked up to 7.9%, that's 9 million jobs short. >> that was governor mitt romney calling out president obama for falling-- 9 million jobs soar has promised. and the bureau of labor and statistics, adding 171,000 jobs, now are the new numbers going to affect the way the candidates talk about the economy in these final days before...
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Nov 4, 2012
11/12
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he said he would cut the we deficit in half and he doubled it. he said unemployment would be at 5.2 percent. it is 7.9 million, 9 million jobs short. unemployment is higher today than when he took office. he promised he would save social security and medicare from insolvency. he didn't. rather, he raided $716 billion from medicare to pay for obamacare. he said he woo lower health insurance by $2,500 a family. have you seen that? the american family pays $3,000 more a year. gasoline, $2,000 more a year than when he was elected. he said he would work across the aisle on the most important issues that america faces, do you realize he hasn't met on the economy or on the budget or on jobs with either the republican leader of the house or the senate since july. rather than bridging the divide he has made it wider. so many you look at big debate we have in this country not as a republican or a democrat but first as an american. you watch what has happened in this country the last four years with an independent voice, you hope that president obama would
he said he would cut the we deficit in half and he doubled it. he said unemployment would be at 5.2 percent. it is 7.9 million, 9 million jobs short. unemployment is higher today than when he took office. he promised he would save social security and medicare from insolvency. he didn't. rather, he raided $716 billion from medicare to pay for obamacare. he said he woo lower health insurance by $2,500 a family. have you seen that? the american family pays $3,000 more a year. gasoline, $2,000 more...
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Oct 27, 2012
10/12
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he promised to cut the deficit in half. i know he says he wants to do something that helps with the budget, but to balance the budget it starts -- it helps to have actually had a budgets. >> from florida to new evening land, the nation watches as hurricane sandy prepares to bear down and slam into the atlantic coast. in florida they are not expecting to be too badly hit. he was asked to postpone all events. [no audio]. >> that's too bad. i was saying how well it was working while he was on the campaign bus. apologize for that technical glitch. we have team coverage of both campaigns coming up a little later on this hour. a live report from our chief white house correspondent ed henry traveling with president obama's campaign in the battleground state of new hampshire. that's coming up. >>> speaking of the weather, this is a fox extreme weather alert. hurricane sandy's path is looking more ominous by the hour as it barrels up the eastern seaboard. the monster storm is already battering the mid-atlantic states with punishing
he promised to cut the deficit in half. i know he says he wants to do something that helps with the budget, but to balance the budget it starts -- it helps to have actually had a budgets. >> from florida to new evening land, the nation watches as hurricane sandy prepares to bear down and slam into the atlantic coast. in florida they are not expecting to be too badly hit. he was asked to postpone all events. [no audio]. >> that's too bad. i was saying how well it was working while he...
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selection of twenty twelve here's an image from william bonzai seven salvador debt bamma as you see that deficit surrealist looking pretty scary there obama nice nice dolly in the show. and the other is the g.o.p. cuckoo nest and c.c. there mitt romney with his vice presidential candidate paul ryan and behind them are john mccain george bush one into place nurse ratchet. i think maybe master of your blood masters make an excellent nurse ratchet more current default swaps and then. it's hard to fault. juicy fruit juice the fruit juice the fruit hears johnny i'm having a stanley kubrick flashback well max aside from stanley kubrick ok we have an end of empire sort of election going on none of the real issues are mentioned it's just literally bread and circuses wacky stuff i was going to say a four letter word they're going on. and there are just deciding on all sorts of bizarre social issues and it gets worse and worse every every election they do this but here we are in the middle of the great depression and not once has the great depression been mentioned it's all about various other things so l
selection of twenty twelve here's an image from william bonzai seven salvador debt bamma as you see that deficit surrealist looking pretty scary there obama nice nice dolly in the show. and the other is the g.o.p. cuckoo nest and c.c. there mitt romney with his vice presidential candidate paul ryan and behind them are john mccain george bush one into place nurse ratchet. i think maybe master of your blood masters make an excellent nurse ratchet more current default swaps and then. it's hard to...
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Oct 28, 2012
10/12
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that your primary purpose and what you wanted to control government for was to control out of control deficit spending. >> so you'd leave that window open for 2016? >> you know, nobody knows what happens a week from tuesday and we'll see what happens a week from tuesday, but my primary purpose now is i have gone around the country campaigning for governor romney, and i'm hoping that governor romney wins is a week from tuesday. >> susan? >> senator, another important component next tuesday is obviously the senate and you need four seats to take control, for republicans to take control, and it looked as though things were going in favor of the republicans for a while recall but there are a couple of races where things are not going so well due to some controversial statements that the tea party republican candidates have made and some people are arguing now that this is another instance where the tea party is it dragging down the republicans' efforts to take over the senate. we have todd aiken in missouri, recently who made some statements that were controversial and richard murdoch just now in
that your primary purpose and what you wanted to control government for was to control out of control deficit spending. >> so you'd leave that window open for 2016? >> you know, nobody knows what happens a week from tuesday and we'll see what happens a week from tuesday, but my primary purpose now is i have gone around the country campaigning for governor romney, and i'm hoping that governor romney wins is a week from tuesday. >> susan? >> senator, another important...
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Oct 28, 2012
10/12
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how do you reduce the national deficit which is huge at $16 billion. how do you about not raise taxes and not cut any services like for example the military. that s the question we have to answer and the only way we can get to it is to really look at democrats and republicans, not blame each other but sit down and literally look at this. the supercommittee had a try. democrats, republicans, they were not able to do it. this was the agreement that was done, the sequestration. i think if we are going to do cuts we ought to do that across-the-board where everybody has skin in the game and have cuts across the board to reduce the deficit. >> geraldo: congressman blackburn, did you -- >> let me say something there. because i support across-the-board cuts in discretionary spending. every year i run bills calling for 1, 2 and 5% across the board. what you have to realize is that this administration had gone in and made deep cuts into the -- our military services, into d.o.d. and then they did it again with the sequestration. doubled up on that. so the problem
how do you reduce the national deficit which is huge at $16 billion. how do you about not raise taxes and not cut any services like for example the military. that s the question we have to answer and the only way we can get to it is to really look at democrats and republicans, not blame each other but sit down and literally look at this. the supercommittee had a try. democrats, republicans, they were not able to do it. this was the agreement that was done, the sequestration. i think if we are...
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backing for its request that it be given two more years to get is deficit under control pushing a deadline to try to sixteen that would cost the eurozone thirty billion euros meanwhile the german finance minister hinted in a t.v. interview that greece's exit from the euro is still a possibility another person at the center saying now has record high unemployment of trying to five percent trades household workers are on strike and taking in almost a week of protests in the capital against austerity cuts and also and publicist william endows says all the measures the e.u. leaders are imposing fail to address the root of the problem. i can't imagine if you if you planned a scenario you get everything wrong in the way that the e.u. governments have done in the last four years in this crisis for three and a half years but from the get go they have shied away from any resolute action on the banks involved in the in the dodgy lending in the first place during the financial bubble years so those banks remain the source of the problem there's no lending going on to the real economy and that's what
backing for its request that it be given two more years to get is deficit under control pushing a deadline to try to sixteen that would cost the eurozone thirty billion euros meanwhile the german finance minister hinted in a t.v. interview that greece's exit from the euro is still a possibility another person at the center saying now has record high unemployment of trying to five percent trades household workers are on strike and taking in almost a week of protests in the capital against...
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Oct 31, 2012
10/12
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this president has run trillion dollar deficits. he has increased our debt more than any other president combined in our nation's history. these pocketbook voters are looking at the voters in seeing a record of failure. what we see is there will be a significant turnout on election day of independent voters. we have been working diligently to win them over with a strong fiscal message. we a record of balancing budgets and creating jobs and keeping spending under control. host: we just heard from kathy sullivan who noted military issues are a big one in new hampshire. she made the comment that mitt romney wants to add trillions to the pentagon spending. this echoes what you just said that said competing aspects of the political culture could tip the balance in either direction. when is the state's aversion to taxes and affection for small government. guest: it is a fair point, and while i will often correct the record of what she says, this is a critical part of the state. new hampshire has one of the highest percentage of veterans a
this president has run trillion dollar deficits. he has increased our debt more than any other president combined in our nation's history. these pocketbook voters are looking at the voters in seeing a record of failure. what we see is there will be a significant turnout on election day of independent voters. we have been working diligently to win them over with a strong fiscal message. we a record of balancing budgets and creating jobs and keeping spending under control. host: we just heard...
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Oct 27, 2012
10/12
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he promised he would cut the deficit in half. instead he doubled it. i know he says he wants to do something to help the budget. but i learned in order to balance a budget, it starts -- it helps to have actually had a budget. to start with a budget. and -- [cheering] >> you can't balance a budget unless you start with one, and he actually put out a proposal this last year for the house and the senate to look at. there are 535 members of the house and senate combined. do you know how many people voted for his budget? zero. no one voted for his budget. paul ryan and i are going to get america on track to have a balanced budget. he took on -- during his campaign, another big promise. he said he would save medicare. he would pre serve and it protect it and save it from pending insolvency. in stead he cut medicare by $716 billion. he said he was going to have unemployment today down to 5.4%. we're nine million jobs short of that and he has no plan to get this economy going again to put americans to work. you notice there's some numbers he doesn't speak abou
he promised he would cut the deficit in half. instead he doubled it. i know he says he wants to do something to help the budget. but i learned in order to balance a budget, it starts -- it helps to have actually had a budget. to start with a budget. and -- [cheering] >> you can't balance a budget unless you start with one, and he actually put out a proposal this last year for the house and the senate to look at. there are 535 members of the house and senate combined. do you know how many...
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Nov 1, 2012
11/12
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now, change in the future where we reduce our deficit that's balanced and responsible. i signed a trillion dollars worth of spending cuts. i intend to do more. i'll work with both parties to streamline agencies and get rid of programs that don't work. if we're serious about the deficit, we've also got to ask the wealthiest americans to go back to tax rates they paid when bill clinton was in office because, as long as i'm president, i will never turn medicare into a voucher to pay for another millionaire's tax cuts. i will never allow the nation to be plunged into another battle over health care reform just so insurance companies can jump back into the driver's seat. and i will never allow politicians in washington to control health care choices that women should be making for themselves. so, wisconsin, we know what change is. we know what the future requires. we don't need a big government agenda or a small government agenda. we need a middle class agenda that rewards hard work and responsibility. we don't need a partisan agenda. we need a common sense agenda that says,
now, change in the future where we reduce our deficit that's balanced and responsible. i signed a trillion dollars worth of spending cuts. i intend to do more. i'll work with both parties to streamline agencies and get rid of programs that don't work. if we're serious about the deficit, we've also got to ask the wealthiest americans to go back to tax rates they paid when bill clinton was in office because, as long as i'm president, i will never turn medicare into a voucher to pay for another...
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Oct 27, 2012
10/12
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country's biggest companies, all who signed on to a plan that called for an balanced approach to solve the deficit, and that balanced approach that all of these ceos signed on to included revenues. do you think their clout could actually move compromise even in the people who signed pledges never to raise revenue? >> no. >> jennifer: that's so depressing. >> call me a cynic. i'm just a realist. the truth is the patriotic millionaires these conservative economies, liberal economists you can look everything to find people to say you need an balanced approach thank colludes tax increases and cuts in spending, but fortunately you have a group of people in washington and mitt romney who have forsaken their oath to the constitution in favor of a blood oath they signed for grover norquist. >> jennifer: and charlie i want to make sure the senate remains in democratic hands. you are in a key state, you have written about elizabeth warren and scott brown give us a quick update. >> she has a small working margin right now in most polls. she is going to have to run the race all the way to the wire though. he
country's biggest companies, all who signed on to a plan that called for an balanced approach to solve the deficit, and that balanced approach that all of these ceos signed on to included revenues. do you think their clout could actually move compromise even in the people who signed pledges never to raise revenue? >> no. >> jennifer: that's so depressing. >> call me a cynic. i'm just a realist. the truth is the patriotic millionaires these conservative economies, liberal...
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Oct 28, 2012
10/12
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CNNW
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or would we fall off the cliff of deficit as you described? >> i think the answer is if we had a tax simplification where that was taken off the table is the best idea, it's outrageous that a lot of things get disguised as capital gains that are really income creating the biggest inequality -- >> you say raise capital gains, for example, hedge funds? >> if we didn't change anything else, absolutely. that is criminal. >> one point of agreement. joe klein, ken rogoff, amity shlaes, chrystia freeland, thanks for joining us. >>> up next, "what in the world." why a little-known nation, mali, is more important than europe, mexico, and india combined. at least according to this week's presidential debate. i'll explain. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. [ male announcer ] it's t
or would we fall off the cliff of deficit as you described? >> i think the answer is if we had a tax simplification where that was taken off the table is the best idea, it's outrageous that a lot of things get disguised as capital gains that are really income creating the biggest inequality -- >> you say raise capital gains, for example, hedge funds? >> if we didn't change anything else, absolutely. that is criminal. >> one point of agreement. joe klein, ken rogoff,...
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Oct 29, 2012
10/12
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that is, he's lowered taxes and closed budget deficits. but i actually find the trust argument very odd because president obama promised that we would have 4.2% economic growth right now. we have 2%. he promised an unemployment rate that would be far below where it is today. he hasn't delivered on his promises. on the issue of trust, what is going on with regard to libya? i mean here we have an extraordinary thing where the president comes out on friday and says, i directed that everything possible should be done to aid our embassy under attack. that attack went on for seven hours. we now know that the secretary of defense saying he denied requests for help over that seven hours. >> let's get to libya a little bit later. >> but it's a trust issue. where is the leadership? it's a trust issue. >> on the economy, how does it tip the scales, david brooks and e.j. dionne, in the final nine days? >> i think this has been the worst campaign i've ever covered. i think they're both ending on the same note they started. obama is doing a negative cam
that is, he's lowered taxes and closed budget deficits. but i actually find the trust argument very odd because president obama promised that we would have 4.2% economic growth right now. we have 2%. he promised an unemployment rate that would be far below where it is today. he hasn't delivered on his promises. on the issue of trust, what is going on with regard to libya? i mean here we have an extraordinary thing where the president comes out on friday and says, i directed that everything...
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actually deficit is gone down since he came in office right now the congressional budget office is up to twenty million people lose their insurance as obamacare goes into effect he totally pulling satellite here where you are there you are doing it for yourself trying to do it in writing from literally obamacare is from no no you don't know you're not going to do about three hundred nods as it were with completely unrelated issues resolution so we differ a little bit on no i'm just going to say can we read the political act ph for all of obama's lies i'd really love to see that page let's talk about their ordeal i mean their poll to show why is this is a sham unless you're the r.c.m. sucker this is not a sham alleges it and you've got a guy who has all of us every side of every issue and i don't understand there's no franchise going to do so if metonymy out on the circuit obama how are we sitting here talking about mitt romney a liar in chief when we are literally in a foreign policy crisis mode over what happened in libya and overly i described as my every word for your like we are a
actually deficit is gone down since he came in office right now the congressional budget office is up to twenty million people lose their insurance as obamacare goes into effect he totally pulling satellite here where you are there you are doing it for yourself trying to do it in writing from literally obamacare is from no no you don't know you're not going to do about three hundred nods as it were with completely unrelated issues resolution so we differ a little bit on no i'm just going to say...
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athens has received some i am of backing for its request it will be given two more years to get is deficit under control pushing the deadline to twenty six states that would cause the euro zone thirty billion euros meanwhile the german finance minister him today in a t.v. interview that greece's exit from the zero is still a possibility another crisis of the sprayed as a report from our employment of twenty five percent of traits transport workers are on strike continuing almost a week of protests in the capital against austerity accounts and also and publicized when i would else as the measures that the leaders are closing fail to address the root of the problem. i can't imagine if you if you understood mary or you get everything wrong in the way that the e.u. governments have done in the last four years in this crisis for three and a half years but from the get go they have heard shying away from any resolute action on the banks involved in the in the dodgy lending in the first place during the financial bubble years so those banks remain the source of the problem there is no lending goi
athens has received some i am of backing for its request it will be given two more years to get is deficit under control pushing the deadline to twenty six states that would cause the euro zone thirty billion euros meanwhile the german finance minister him today in a t.v. interview that greece's exit from the zero is still a possibility another crisis of the sprayed as a report from our employment of twenty five percent of traits transport workers are on strike continuing almost a week of...
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actually the deficit is gone down since he came in office right now the congressional budget office is up to twenty million people lose their insurance as obamacare goes into effect he totally pulling settling here where you're going to do your duty eight four years of time to what do you receive that literally obamacare is from no you don't know you're not going to be with nods as it were with a completely unrelated issue referring to the from a little bit on i'm just going to say can we read the political act ph for all of obama's lies i'd really love to see that page let's talk about there are no i mean they're told to show why is this is a sham aleister these are sham sponsored this is not a sham alleges it and you've got a guy who has every side of every issue that i don't understand there's no financial security duhamel says metonymy dogs are going to obama how are we sitting here talking about mitt romney a liar in chief when we are literally in a foreign policy crisis mode over what happened in libya and overly i describe. the photo here like we are and we should be because
actually the deficit is gone down since he came in office right now the congressional budget office is up to twenty million people lose their insurance as obamacare goes into effect he totally pulling settling here where you're going to do your duty eight four years of time to what do you receive that literally obamacare is from no you don't know you're not going to be with nods as it were with a completely unrelated issue referring to the from a little bit on i'm just going to say can we read...
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so, rather than talking about a $16 trillion deficit, or 12 million jobs or putting america back to work, he is talking about big bird and he's talking about voting for revenge. so, that is why you see governor romney opening up leads, in -- now minnesota yesterday and pennsylvania and michigan moved into a tie and all these states were not target states three weeks ago and it is because of governor romney's message. >> chris: you say the states, pennsylvania moved into a tie and according to the real clear politics average, i think it is a four-points margin for obama. >> last night, there was a poll that came out, and it was 47-47. again, president obama well under 50. in a state that he should be well over 50. there is a million more democrats in pennsylvania, than there are republicans. and, it is important to remember, energy is a very important issue in the state of pennsylvania and, in 2008, and the democrat primary, hillary clinton beat barack obama by double digits, after barack obama was the presumptive nominee for his party. pennsylvania is fertile ground for us. >> chris: fin
so, rather than talking about a $16 trillion deficit, or 12 million jobs or putting america back to work, he is talking about big bird and he's talking about voting for revenge. so, that is why you see governor romney opening up leads, in -- now minnesota yesterday and pennsylvania and michigan moved into a tie and all these states were not target states three weeks ago and it is because of governor romney's message. >> chris: you say the states, pennsylvania moved into a tie and...
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s are ringing the alarm on deficit. there were some of them ringing the bell top execs including those but eighty of them total from big u.s. corporations sent congress a letter asking for a simpson bowles type approach to reigning in the u.s. deficit the budget deficit three dollars in spending cuts for each dollar of tax increases what would be the impact of this or other possible scenarios for dealing with the u.s. debt and deficit simon mccaleb edge of ideas capital is here to talk about it and speaking of deficits according to the financial times japan's finance ministry will hold crisis talks with bond dealers tomorrow as politicians there are at odds over a bill that's needed to allow billions more in borrowing to finance the country's deficit sound familiar japan is often brought up when talking about a country the us is ability to run massive deficits will discuss the lessons for the u.s. and new g.d.p. numbers from the u.k. if you put stock in them they show the countries rebounding from recession growing by o
s are ringing the alarm on deficit. there were some of them ringing the bell top execs including those but eighty of them total from big u.s. corporations sent congress a letter asking for a simpson bowles type approach to reigning in the u.s. deficit the budget deficit three dollars in spending cuts for each dollar of tax increases what would be the impact of this or other possible scenarios for dealing with the u.s. debt and deficit simon mccaleb edge of ideas capital is here to talk about it...
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people know in their bones, worried about the deficit, the debt, they don't like the affordable care act. another country to be more prosperous and growing in a much more rapid pace. we have an anemic recovery. lou: and we have noticed. we appreciate you getting this to the economics, as well as the politics. let's hear it. governor romney going to win ohio? >> i believe he will. these numbers, lots of conflicting polls. two things that break it for me. nine of 13 of the last polls show romney winning independence you don't lose ohio if you are winning independence, and second of all, these early vote numbers are strong as it and acre of garlic and we say in texas. lou: thank you for being with us. appreciate it. thank you for bringing your strong texas language. it feels like home. >> there we go. lou: much more on the final stretch of the election and what's to -- what to expect from both candid it's as that day approaches. hurricane sandy aftermath. five days and, and tempers are flaring. frustration is building as gas lines grow longer and longer and longer. grocery store shelves
people know in their bones, worried about the deficit, the debt, they don't like the affordable care act. another country to be more prosperous and growing in a much more rapid pace. we have an anemic recovery. lou: and we have noticed. we appreciate you getting this to the economics, as well as the politics. let's hear it. governor romney going to win ohio? >> i believe he will. these numbers, lots of conflicting polls. two things that break it for me. nine of 13 of the last polls show...
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backing for richard quest that it be given two more years to get its deficit under control by pushing the deadline to two thousand and sixteen although that would cost the eurozone about thirteen billion euros meanwhile the german finance minister hinted in a t.v. interview that greece's exit from the euro is still a possibility and another crisis epicenter that of spain now has a record high unemployment of twenty five percent hundreds transport workers are on strike continuing almost a week of protests in the capital against austerity cuts author and publicist william engdahl says all the measures the e.u. leaders are imposing of failing to address the true root of the problem. i can't imagine if you if you understood her you want to get everything wrong in the way that the the e.u. governments of the last four years of this crisis were three and a half years but from the get go they have shot away from any resolute action on the banks involved in in the in the dodgy lead in the first place during the financial bubble years so those banks remain the source of the problem there's no.
backing for richard quest that it be given two more years to get its deficit under control by pushing the deadline to two thousand and sixteen although that would cost the eurozone about thirteen billion euros meanwhile the german finance minister hinted in a t.v. interview that greece's exit from the euro is still a possibility and another crisis epicenter that of spain now has a record high unemployment of twenty five percent hundreds transport workers are on strike continuing almost a week...
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the deal. >> it seemed the president had bridged the partisan divide and could count reining in the deficit as part of his legacy. but then in the final moments, the so-called grand bargain collapsed. >> i have offered ideas -- >> and finger-pointing began. >> not one time, not one time, did the administration ever put any plan on the table. >> it is hard to understand why speaker boehner would walk away from this kind of deal. >> for speaker boehner, the problem was a last request to alter the deal. >> i said, mr. president, you know i can't do this. we've been talking about this for months. i'm already as far out on a limb as i can get. you know this. why are you doing this? it's unfortunate. he basically blew up the deal. >> not true, says the white house. >> i think personally speaker boehner probably wanted to do something. he just couldn't control his caucus. >> but the speaker says his people were never the problem. >> i got into some tough negotiations with ted kennedy. he didn't flinch. he didn't back away from the deal. he went straight forward. that's courage. >> speaker boehner,
the deal. >> it seemed the president had bridged the partisan divide and could count reining in the deficit as part of his legacy. but then in the final moments, the so-called grand bargain collapsed. >> i have offered ideas -- >> and finger-pointing began. >> not one time, not one time, did the administration ever put any plan on the table. >> it is hard to understand why speaker boehner would walk away from this kind of deal. >> for speaker boehner, the...
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instead we have to start cutting the federal deficit. >> democrats wanted to limit tax giveaways to the wealthiest american. >> what we've heard from our republican colleagues is they're not willing to close one special interest tax loophole. >> the president and speaker boehner came up with an ambitious absolutely. they crafted a grand bargain to the debt ceiling and changes to social security, medicare, tax policy and defense spending. for both sides it meant lots of pain but for the nation it could mean lots of gain. >> i think he genuinely thought there was something meaningful to deal with our long-term debt and had what he considered productive discussions with john boehner. >> new urgency this morning -- >> the clock ticks -- >> we've been here before but not quite this close to default. >> was thereer a time in that meeting when he said, we have a deal? >> yes, ma'am. about a week before the debt ceiling was to expire. the president asked mr. cantor and i to come into the oval office where we would basically seal the deal. >> it seemed the president had bridged the partisan divi
instead we have to start cutting the federal deficit. >> democrats wanted to limit tax giveaways to the wealthiest american. >> what we've heard from our republican colleagues is they're not willing to close one special interest tax loophole. >> the president and speaker boehner came up with an ambitious absolutely. they crafted a grand bargain to the debt ceiling and changes to social security, medicare, tax policy and defense spending. for both sides it meant lots of pain...
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11/12
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the debt, deficit, jobs, the economy, health care, energy. the problem is that we can't reach those issues if the congress, itself, does not work. that's why olympia snowe left. she didn't leave because she was tired of congress or wanted to spend time with family, but left because she said the place didn't function, couldn't get it done, and she was utterly frustrated. we have to try to do something different in order to respond to that challenge, and that's why i'm running for the united states senate as an independent. this makes a difference. this is about solving the problems that the nation faces, and, for example, there's a bill before the senate in september that would have benefited veterans across the country. it was filibusters because the party in the senate that filibustered didn't want the president to have a victory before the election. that's a terrible way to make decisions. the concern should have been for the veterans, not for the politics. >> moderator: governor king, thank you. secretary charlie summers. summers: thank yo
the debt, deficit, jobs, the economy, health care, energy. the problem is that we can't reach those issues if the congress, itself, does not work. that's why olympia snowe left. she didn't leave because she was tired of congress or wanted to spend time with family, but left because she said the place didn't function, couldn't get it done, and she was utterly frustrated. we have to try to do something different in order to respond to that challenge, and that's why i'm running for the united...
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deficits. debt. obama care. energy. all that just got wiped off the page for four or five days and that had the effect of getting everybody's mind off the election. that started over here in the last day or so. >> that is the funny thing about momentum. i'm sure you experience this, governor. one day you have it and the other day you don't but you can get it back. how lasting do you think the effect it on the romney campaign? >> nothing obama did broke romney's momentum. all the way through october obama would attack and attack and be very condescending. didn't help. in fact, it may have hurt him with women. but the blackout took all this off people's minds and now we are seeing who kind of gets the momentum back going. it is very, very close and the new york times i guess i shouldn't be surprised by what gets written in the "new york times" but almost every one of these battleground states the polling is within the margin of error. very few polls has obama got over 50% of the vote. normally a president in the last poll
deficits. debt. obama care. energy. all that just got wiped off the page for four or five days and that had the effect of getting everybody's mind off the election. that started over here in the last day or so. >> that is the funny thing about momentum. i'm sure you experience this, governor. one day you have it and the other day you don't but you can get it back. how lasting do you think the effect it on the romney campaign? >> nothing obama did broke romney's momentum. all the way...